Indian carabeef eats into local farmers’ market share

Beef cattle farming in Indonesia is not promising anymore. The entry of frozen carabeef from India has taken about 50% of local beef cattle farmers’ market share, said Ferry Kusmawan, a feedlot businessman. He said to reach a break-even point, farmers must sell their live cattle at USD 3.46 per kg, but buyers only pay USD 3.07 per kg.

Mr Kusmawan said the only thing farmers can count on is the Ied Adha religious festival where Muslims sacrifice cattle, goats and sheep. During this period, the price of live cattle is expected to touch USD 3.84 per kg.

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